At a Glance
- Tasks: Support the Underwriting Operations team in enhancing service standards and reporting capabilities.
- Company: Join Starr Insurance, a global leader in insurance and investment since 1919.
- Benefits: Enjoy flexible working options, first-class training, and a commitment to inclusivity.
- Why this job: Be part of a dynamic team focused on operational excellence and continuous improvement.
- Qualifications: Ideal for candidates with experience in General Insurance or the London Market.
- Other info: Open to discussing reduced hours and remote work during the interview.
The predicted salary is between 28800 - 43200 £ per year.
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Role Purpose
To be a key member of the Underwriting Operations department and assist the Underwriting Operations Team Leaders in continuously improving the service standards of the Underwriting Operations function.
Responsibilities:
- Support the Underwriting Operations Team Leaders in enhancing reporting capabilities and providing reports for management, key stakeholders and relevant groups and/or committees.
- Be a key point of contact for post-bind queries ensuring that Credit Control, Financial and system reconciliations are performed and reported on accurately.
- Support the team to provide operational excellence in supporting Credit Control, Delegated Authority and Underwriting administration.
- Assist with processing and technical queries ensuring these are communicated through the appropriate channels and responded to in a timely manner.
- Support the month-end close process ensuring all tasks are completed on time and accurately.
- Support the Underwriting Operations Team Leaders and the Central Operational Services (COS) Manager with operational and business-wide initiatives.
- Collaborate with key stakeholders to continuously improve the service of the team to meet the defined Service Level Agreements.
- Work with the wider Operations management team to formulate and implement transformation initiatives to improve the efficiency and effectiveness of the team.
- Support business process transformation initiatives designed to build efficiency into end-to-end processes across the department and organisation.
- Attend relevant groups and committees to report on team performance and to collaborate with the wider operations management team.
- Assist members of the Operations department with regulatory reporting, query resolution and other tasks as required.
- Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
- Operate within the Company’s standards for Treating Customers Fairly.
- Manage any potential conflicts of interest to avoid disrepute to the company’s integrity.
- Assist with ad-hoc operational matters for internal and external stakeholders.
- Commitment to maintaining and developing technical knowledge and understanding.
- Maintains positive and effective relationships with all business units, market contacts and regulators.
- Proactively seeks to address and remedy errors.
- Supports the management, implementation and review of operational best practices.
- Compliance with internal and regulatory policies and procedures.
This is the perfect opportunity for a candidate who has some experience in General Insurance or the London Market and is looking to progress in an operations role.
Starr are an equal opportunity employer, which means we’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we’re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
For this role we are open to discussing flexible working options with the possibility of reduced hours, remote working, flexible start and finish times. Please discuss your requirements with us during the interview process and we will explore what’s possible for the role.
Operations Assistant (FTC) employer: Starr Insurance Companies
Contact Detail:
Starr Insurance Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Operations Assistant (FTC)
✨Tip Number 1
Familiarise yourself with the insurance industry, particularly the London Market. Understanding key terms and processes will help you engage in meaningful conversations during interviews and demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the insurance sector, especially those working in operations. Attend industry events or join relevant online forums to build connections that could provide insights or even referrals for the Operations Assistant position.
✨Tip Number 3
Prepare to discuss how you can contribute to improving service standards and operational excellence. Think of specific examples from your past experiences where you've successfully implemented process improvements or enhanced team performance.
✨Tip Number 4
Showcase your ability to work collaboratively with various stakeholders. Be ready to share instances where you've effectively communicated across departments or resolved conflicts, as this is crucial for the role's responsibilities.
We think you need these skills to ace Operations Assistant (FTC)
Some tips for your application 🫡
Understand the Role: Read through the job description carefully to understand the key responsibilities and requirements. Tailor your application to highlight how your skills and experiences align with the role of Operations Assistant.
Highlight Relevant Experience: If you have experience in General Insurance or the London Market, make sure to emphasise this in your CV and cover letter. Provide specific examples of how you've contributed to operational excellence in previous roles.
Showcase Your Skills: Focus on skills that are relevant to the position, such as reporting capabilities, query resolution, and collaboration with stakeholders. Use bullet points to clearly outline these skills in your CV.
Craft a Strong Cover Letter: Write a compelling cover letter that explains why you're interested in the role and how you can contribute to the Underwriting Operations team. Mention your commitment to maintaining high service standards and your willingness to learn and develop within the company.
How to prepare for a job interview at Starr Insurance Companies
✨Understand the Role
Make sure you thoroughly understand the responsibilities of the Operations Assistant role. Familiarise yourself with the key tasks such as supporting the Underwriting Operations Team Leaders and enhancing reporting capabilities. This will help you demonstrate your knowledge and enthusiasm during the interview.
✨Showcase Relevant Experience
If you have experience in General Insurance or the London Market, be ready to discuss it. Highlight specific examples where you've contributed to operational excellence or improved processes. This will show that you are well-suited for the role and can hit the ground running.
✨Prepare Questions
Prepare insightful questions about the team dynamics, ongoing projects, and how success is measured in the role. This not only shows your interest in the position but also helps you gauge if the company culture aligns with your values.
✨Emphasise Soft Skills
In addition to technical skills, emphasise your ability to maintain positive relationships and communicate effectively with stakeholders. The role requires collaboration and problem-solving, so sharing examples of how you've successfully navigated challenges in the past will be beneficial.